16 May 2025 | General News
New accounts published by Jaguar Land Rover show that it made a pre-tax profit of £2.5bn for the year ending March 31st, 2025.
The figure represented a 15 per cent increase on this time last year, as well as being JLR’s best performance since 2015. The company said it had delivered record wholesale volumes of the Land Rover Defender, which sold 115,404 units over the year, while Range Rover Sport wholesales were also up almost 20 per cent year-on-year. Revenues of £29bn were on a par with the previous year, despite a 1.7 per cent decline in the final quarter.
Announcing the results, Adrian Mardell, company CEO, commented: “JLR has ended the year with strong annual and quarterly earnings, including delivering our tenth consecutive profitable quarter and our net debt zero target. We have achieved record sales of Defender, revealed the stunning Jaguar Type 00, and we are preparing to launch the wonderful Range Rover Electric.”
In the current financial year, JLR will be relying almost entirely on its Defender, Discovery and Range Rover brands for profitability, as Jaguar’s planned relaunch is unlikely to yield any major income until 2026, when it’s hoped that deliveries of the first of three all-new EVs will begin. The production version of that first car – previewed last December via the Type 00 concept (pictured) – is expected to be revealed later this year.
Meanwhile, when asked whether JLR would consider building cars in the US to counteract the effects of tariffs, Mardell said the company “cannot discount” the idea, despite the UK’s new trade deal with the USA seeing proposed tariffs of 25 per cent being slashed to 10 per cent. JLR says it currently has “no immediate plans” to shift production from the UK and Europe but refused to rule it out in the future.
JLR halted shipments to the US in April, after the original tariffs were announced, but restarted them in early May.
Read JLR's statement on its annual results here
